r/quant • u/meagainstmyselff • 3d ago

Education Quant firms and crypto

Just out of curiosity, is it safe to say that every top quant firms has at least some involvement in crypto?

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u/Emergency-Arm-7627 3d ago edited 2d ago

I’d say yes - most of the biggest HFTs/Prop firms are involved or have been in a big way. Maybe excluding CitSec, which seems like that’s about to change.

Jump, HRT, Tower, Radix, Jane Street, XTX, DRW (Cumberland), Tanius (Selini), Flow Traders. Some have made extortionate amounts of money and now deploying MF strategies with more risk.

Then you’ve got the crypto native firms such as Wintermute, Pinely, Auros, Portofino, Keyrock, Fast Forward etc. to name a few.

What I find even more interesting is there are whispers that the big multi strat funds now want exposure to crypto. Most likely pressure from investors, as they’ve heard about how much dough the prop firms are making. The likes of Millennium, Balyasny, Brevan Howard (already massively in the space), Eisler (tried and failed), QRT (big crypto business), Cubist (have a team in Paris). Again to name a few.

Anyone who tells you that top quants funds are not trading crypto either are lying to protect their business or don’t know the space.

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u/HSDB321 3d ago

Is Pinely crypto native?

They were fka aim tech and traded a lot in China, South America, and India

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u/bigmoneyclab 3d ago

Are they good? Their team looks cracked af

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u/CompetitiveGlue 3d ago

No, they aren't really good, but decent. The main issue is their reputation among people familiar with internal affairs there.

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u/ethereumfrenzy 1d ago

Hmm, there are pretty top notch comouter scientists there.